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oversees all legislation it said the new law was not fair because it applies to individuals and not households. the french prime minister said the government would introduce a new version of the law. >> we will implement measures to respect the commitment of the president of the republic. it will take into account the rejection of the constitutional council and apply the 2013 incomes and will have to be voted. >>> in macedonia, thousands of protesters gathered outside of the headquarters of the right wing ruling party, demanded the prime minister's resignation. the rally is a combination of days of protests that began last week when the opposition was ejected from parliament after a disagreement over next year's budget. we have this report from the capital. >> a march against the government and the capital. but unlike the rest of europe, not against austerity cutbacks. the demonstrators accused the authorities of going on a spending spree which they claim wastes too much of the country's financial resources. instead of doubling their usual christmas or new year's shopping, t
rejected. >> the tax laws won't have an impact on people until they start paying their taxes in earnest. the effect of that will be very mild, very slight. and some of the spending cuts, the -- the executive branch has 30 days to present its plan for putting these cuts into effect so they may not even take effect. so a number of the -- most economists agree that the impact of the fiscal cliff would be severe if it lasted for a period of time with the assumption that they're able to roll it back retroactively. that would give them some time after the first comes around. >> there may be a little bit of a window to find the middle ground. but what is the middle ground after the failure that happened in the house of representatives? does anyone know what the threshold is that is accessible to republicans, let alone to republicans and democrats. >> you know, part of the problem here is that i don't think that the republicans themselves are entirely sure what their own position is. there's quite a lot of anarchy. the president has offered a proposal that include some provisions that are very
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